The Lawsuit alleges that Nationstar improperly charged West Virginia borrowers late fees over the $15 limit allowed by statute. The Lawsuit also claims that Nationstar sent borrowers demand letters demanding payment of improper “expenses of collection” and refused to accept partial loan payments from borrowers prior to the date of acceleration of their loans.

Nationstar denies that it acted improperly or did anything wrong. However, Nationstar has agreed to the Settlement solely to avoid the burden, expense, risk, and uncertainty of continuing the Lawsuit.